Retail inflation slips to a 19-month low of 2.05% on falling food prices

Economists expect RBI to cut repo rate at April meet too

Retail price inflation rate declined to a 19-month low of 2.05 per cent in January, from 2.11 in December, due to persistent  fall in food prices and subdued fuel inflation, prompting economists to expect the Reserve Bank of India's monetary policy committee to cut the repo rate at its next meeting in April. 

The Consumer Price Index (CPI)-based inflation was revised downward from the earlier estimate of 2.19 per cent for December. 

The inflation had stood at 5.07 per cent in January 2018.

In fact, rural areas saw the CPI inflation rate coming down, while the rate of price rise remained the same